4.4% Flat Tax | First $10,000 Exempt
Unique System: Mississippi exempts the first $10,000 of income, then charges 4.4% flat on everything above $10,000.
Example ($75k income): $75,000 - $10,000 = $65,000 taxable × 4.4% = $2,860 tax
No, Mississippi does NOT tax Social Security benefits. All Social Security income is fully exempt.
No, Mississippi fully exempts retirement income from pensions, 401(k), IRA, and other qualified plans. Very retiree-friendly!